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Laws Of Agency Fiduciary DutiesAgency_types_and_creationEASY

A California seller signs an exclusive agency listing with Broker X. The seller personally finds a buyer and sells the property without any assistance from Broker X. Under this type of listing, does the seller owe Broker X a commission?

Correct Answer

C) No, because an exclusive agency listing allows the seller to sell independently without owing a commission

An exclusive agency listing grants the broker the exclusive right to represent the seller, but the seller retains the right to sell the property independently without owing a commission. This distinguishes it from an exclusive right-to-sell listing, where the broker earns a commission regardless of who finds the buyer.

Answer Options
A
Yes, because all exclusive listings require commission payment regardless of who finds the buyer
B
Yes, but only half the agreed commission amount
C
No, because an exclusive agency listing allows the seller to sell independently without owing a commission
D
No, because the Statute of Frauds prevents commission collection

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Related Topics & Key Terms

Key Terms:

exclusive_agencyseller_found_buyerno_commissionlisting_typesCivil_Code_1624
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